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Re: mjfrank post# 75716

Thursday, 02/14/2019 11:29:47 AM

Thursday, February 14, 2019 11:29:47 AM

Post# of 129863
MJ,

Very simple, the 127,000,000 issued as a Bonus was already in the column as a contingent liability. Thus, while we issued the shares, we simultaneously reduced the same amount of contingent liabilities due upon "a bonusable event, defined as the successful completion of a sale of the Company or substantially all its assets, or a major licensing transaction."

For those of us holding for such an event, it's a wash.

JMO